Tempus Wealth Planning LLC Acquires 202 Shares of Target Co. (NYSE:TGT)

Tempus Wealth Planning LLC lifted its position in shares of Target Co. (NYSE:TGT) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,758 shares of the retailer’s stock after acquiring an additional 202 shares during the quarter. Tempus Wealth Planning LLC’s holdings in Target were worth $1,589,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TGT. State Street Corp boosted its stake in Target by 8.3% in the third quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock valued at $5,530,576,000 after acquiring an additional 2,732,801 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of Target by 9,940.6% in the third quarter. International Assets Investment Management LLC now owns 2,001,391 shares of the retailer’s stock valued at $311,937,000 after buying an additional 1,981,458 shares during the period. Two Sigma Advisers LP grew its stake in shares of Target by 173.2% during the 3rd quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock worth $369,295,000 after acquiring an additional 1,502,200 shares during the period. FMR LLC increased its holdings in Target by 11.7% in the 3rd quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock worth $1,555,542,000 after acquiring an additional 1,046,044 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC increased its stake in shares of Target by 773.1% in the third quarter. Worldquant Millennium Advisors LLC now owns 832,766 shares of the retailer’s stock worth $129,795,000 after purchasing an additional 737,384 shares in the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Price Performance

Shares of NYSE:TGT opened at $134.24 on Tuesday. Target Co. has a 1-year low of $120.21 and a 1-year high of $181.86. The stock’s fifty day simple moving average is $134.80 and its two-hundred day simple moving average is $144.33. The stock has a market cap of $61.51 billion, a PE ratio of 14.24, a price-to-earnings-growth ratio of 2.24 and a beta of 1.15. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. During the same quarter in the prior year, the firm earned $2.10 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, analysts forecast that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be paid a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.34%. The ex-dividend date is Wednesday, February 12th. Target’s payout ratio is 47.51%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TGT. Truist Financial boosted their target price on Target from $129.00 to $134.00 and gave the company a “hold” rating in a research note on Friday, January 17th. Deutsche Bank Aktiengesellschaft cut shares of Target from a “buy” rating to a “hold” rating and dropped their price target for the company from $184.00 to $108.00 in a research report on Wednesday, November 20th. Daiwa Capital Markets lowered shares of Target from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $170.00 to $130.00 in a report on Tuesday, November 26th. HSBC lowered Target from a “buy” rating to a “hold” rating and set a $138.00 price target for the company. in a research report on Wednesday, November 20th. Finally, Evercore ISI cut their price target on shares of Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Target presently has a consensus rating of “Hold” and a consensus price target of $157.70.

Target Company Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.